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and services and law firm income. if you want to encourage small business, we can work together. >> we cannot merthyr posted the code to try and alleviate pressure of taxes, but instead of having loopholes, why don't we have the raise? that way they decide for themselves what to do with capital, how to create jobs. there is where going to have an issue when it comes to tax reform. i don't want it well on this because i'm putting myself on the clock so we can get to everybody else here. has the president made any proposals since he's been president to raise taxes on families earning less than $200,000 for $250,000 for joint filers? >> the pledges prison and a pledge that it will not hit 50 below 250. another's disagreements on categorizing, but i'd be happy to have the conversation. >> i'm just trying to save the supreme court says the mandate is a task that obviously has everybody. including people making less than $250,000. the cigarette tax, smokers don't just make about $250,000. but the new 28% tax rate limitation on deductions kicks in families making $220,000. the point is your already
led the negotiations for the reunification of east germany. he is proficient in economics and law and vlad holds a doctorate of law and is written a number of books most recently the future of modernization, what we can learn from the crisis. mr. minister we are delighted you are with us and we look forward to your remarks and then we will pepper you with questions. >> thank you very much. sorry for being late. today we are, our hearts and minds are with boston and i hope it will be over soon. i have to make remarks on the financial markets that are going well in europe as you all know. [laughter] i will be brief to have time for discussion and therefore i just want to say we all remember the crisis that started in the united states in 2008 and in 2008 we all agreed it will never happen again. we have to learn our lessons. the summit to london and pittsburgh and a two the g20 meeting today in boston. we have made a lot of progress in doing this since then. we agreed that the reason -- there are three reasons. too much -- too much liquidity in the financial markets and too few regu
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